Author

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

News

News from around the web: 2009-11-28

Edward Harrison Nov 28, 2009

Mark Pittman, Reporter Who Foresaw Subprime Crisis, Dies at 52 - Bloomberg.com (R.I.P.) Audit would hurt economic prospects: Bernanke | Reuters (I doubt many believe this) London Luxury Home Prices Increase for First Time in 17…

Economy

October’s FDIC cease and desist and other administrative orders

Edward Harrison Nov 27, 2009

A lot has been made of the most recent FDIC quarterly report, especially the large increase in problem banks to 550 – at least in the blogospehere; some media outlets seem to be burying this news. Underneath this news are the specific…

Economy

The bust in Dubai and exogenous shocks

Edward Harrison Nov 27, 2009

By now you have heard that Dubai World, the investment company, has asked its creditors for a six-month delay in repaying its debt (see articles in links). This is what is commonly referred to as default. Now many are wondering if…

News

News from around the web: 2009-11-27

Edward Harrison Nov 27, 2009

Dubai's dramatic boom over the last decade in pictures - Telegraph BBC NEWS | Americas | Facing a sixth trial for the same crime BBC NEWS | Middle East | Views from Dubai: 'The end of the dream' Dubai debt delays revive fear…

News

News from around the web: 2009-11-25

Edward Harrison Nov 25, 2009

Geithner’s Disgrace - Eliot Spitzer FT Alphaville - FDIC’s insurance in the red, ‘problem banks’ hit 16-year high Should America worry about its deficit? | The Economist House prices 'must drop radically' to lure investors -…

Markets

The U.S. Dollar is now at parity with the Swiss Franc

Edward Harrison Nov 25, 2009

Benchmark Currencies: 16 Dec 2008 Nearly one year later and the U.S. dollar is looking very weak – and not just against the Euro, but also against Sterling and Swissy, and especially against the Loonie and the Aussie Dollar. Even…

Economy

Unemployment claims lowest in 15 months

Edward Harrison Nov 25, 2009

Unemployment claims dropped dramatically to 466,000 this past week. This is the best data on the unemployment front we have seen in a long time. The prior week’s claims were also downwardly revised for the first time in a while. These…

Economy

New York to use eminent domain to build a basketball stadium

Edward Harrison Nov 25, 2009

The New York State Court of Appeals has ruled that the Atlantic Yards basketball project can go forward as planned, dislocating the residents in the Brooklyn, NY area where the stadium is to be built. In essence, the decision means…

Monetary System

A music video primer on the destructive powers of Alan Greenspan

Edward Harrison Nov 24, 2009

Here's a nice little music video on Alan Greenspan and all that he has wrought. Hat tip Scott.

Economy

Case-Shiller Home Price Index up for 5th time, but cracks showing

Edward Harrison Nov 24, 2009

The Case-Shiller Home Price Index has increased yet again. This marks the fifth consecutive monthly increase in house prices in the United States. Prices are now only 11.3% lower in the Composite-10 cities and 9.3% lower in the more…

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